The release of Licence Renewed successfully relaunched the Bond literary franchise, being the first of 14 original novels by Gardner until his retirement in 1996. In that time frame Gardner also wrote two novelizations.

When hired to begin a new series of James Bond novels, author John Gardner was tasked with updating James Bond and his allies and transporting them into the 1980s.

I described to the Glidrose Board how I wanted to put Bond to sleep where Fleming had left him in the sixties, waking him up now in the 80s having made sure he had not aged, but had accumulated modern thinking on the question of Intelligence and Security matters. Most of all I wanted him to have operational know-how: the reality of correct tradecraft and modern gee-whiz technology.

Updating the time frame to the 1980s, Gardner's series picks up the career of James Bond some years after the Fleming novels ended. Due to the time frame change Gardner's series suggests that Fleming's stories took place in the 1960s and 70s, rather than the 1950s and 60s.

Likewise with James Bond, his companions and allies, specifically those working for the British Secret Service such as M, Bill Tanner, Miss Moneypenny, and Q are also all transported to the 1980s, although Q is rarely mentioned and is mostly substituted by Ann Reilly, a genius of gadgetry who is promptly nicknamed "Q'ute" by fellow workers as well as Bond, not long before being added to Bond's long list of romantic conquests.

The novel was initially titled Meltdown during the manuscript stage.[5]

When Licence Renewed begins, M reminds Bond that the 00 section has in fact been abolished; however, M retains Bond as a troubleshooter (pun intended), telling him "You'll always be 007 to me". Bond is assigned to investigate one Dr. Anton Murik, a brilliant nuclear physicist who is thought to have been having meetings with a terrorist named Franco. Franco is identified and tracked by MI5 to a village in Scotland called Murcaldy. Since Murcaldy is outside of MI6's jurisdiction, the Director-General of MI5, Richard Duggan requests that M send Bond to survey Murik. Relying on information that MI5 did not have, M changes Bond's assignment to instead infiltrate Murik's Scottish castle and gain Murik's confidence.

Bond makes contact with Murik at Ascot Racecourse where he feigns a coincidental meeting, mentioning to Murik that he is a mercenary looking for work. Later, Bond joins Murik in Scotland at Murik's behest and is hired to kill Franco, for reasoning at the time unknown. Franco in turn has been tasked by Murik to kill his young ward, Lavender Peacock because she was the true heir to the Murik fortune, which could only be proved by secret documents Anton kept in a hidden safe within his castle.

Murik's plan is to hijack six nuclear power plants around the world simultaneously with the aid of bands of terrorists supplied by Franco. To ensure that Murik can never be associated to this deal, he attempts to use Bond to assassinate Franco. Ultimately terrorists do take over six nuclear power plants, but are prevented from starting a meltdown when they are given an abort code by Bond, believing him to be Murik. Murik is eventually defeated by Bond and Lavender before his demands are met.

Dr. Anton Murik: the current Laird of Murcaldy, owning the village of Murcaldy as well as most of the land surrounding it. Murik is a brilliant nuclear physicist who had been kicked out of the Atomic Energy Commission for his radical beliefs on the safety of nuclear power. Murik had claimed to have designed a nuclear reactor that was as powerful as a standard nuclear power plant, but safely disposed of the nuclear waste - a view debunked by many other nuclear physicists. To make a point to the world that the current nuclear power plants in use around the world were unsafe, Murik planned to have terrorists infiltrate six plants simultaneously and start a global meltdown.

Mary Jane Mashkin: Murik's mistress who attempts to become "more than friends" with James Bond to see if Bond was lying to Murik about being a mercenary looking for work.

Lavender Peacock: Dr. Anton Murik's ward. Unbeknownst to her, she is the true heir to the Murik family fortune.

Caber: Murik's personal bodyguard and the "Champion of Murcaldy". He especially dislikes Bond for beating him in a wrestling match in which Bond cheated to ensure victory.

Franco Oliveiro Quesocriado: an international terrorist leader wanted in most European countries as well as some in the Middle East. He aids Murik by supplying willing terrorists for his meltdown operation and additionally accepts the task of assassinating Murik's ward, Lavender.

In Licence Renewed Bond drives a Saab 900Turbo. For some editions of the book, the car is shown as black or red on the book cover; however, in the book the car's colour is not mentioned. It only became silver and took on the nickname the "Silver Beast" in the follow-up Gardner novel, For Special Services.

The car is Bond's personal vehicle, updated on his own expense by Communication Control Systems Ltd (CCS), a real life company (now known as Security Intelligence Technology Group) that advised author John Gardner with ideas about feasible gadgets to be used. Consequently, Gardner gave them the credit in the book and not Q Branch.

With the release of Licence RenewedSaab Automobile took the opportunity to launch a Bond themed promotional campaign complete with an actual car outfitted like the one in the book (but using smoke instead of tear gas).

Some key plot elements in Licence Renewed, including other Gardner Bond novels, may have had some influence in future Bond films; most notably Anton Murik's plot of a nuclear disaster with the aid of an infamous terrorist which was the basis of The World Is Not Enough. Other key elements from Renewed that appeared in future Bond films were Anton's cheating at horse racing, which Max Zorin did in A View to a Kill, and the obsession with weapons, not unlike Brad Whitaker in The Living Daylights. Gardner's Role of Honour and A View to a Kill also share similar climaxes.

To celebrate the 30th anniversary of Licence Renewed, all fourteen of John Gardner's James Bond books will be republished by Orion in the UK starting in June 2011. The first five titles will be released in hardback featuring their original covers. The rest of John Gardner's Bond books will be released in the UK as paperbacks in 2012 as a redesigned collection. In the US, Pegasus will release the first three John Gardner titles in newly designed paperback in the Autumn of 2011. The editions will feature new introductions from luminaries in the world of Bond, and will be followed by a complete re-issue of all 14 titles in the US.[6]

For Kingsley Amis, the book was "So sodding tame" and Gardner "can't write exciting stories."[9] Later, Amis was to say the novel "was bad enough by any reasonable standard."[10]

Listener crime critic Marghanita Laski, a long-time admirer of Gardner's books, said Licence Renewed "is competent and has its funny moments. But this fine thriller-writer can't perfectly adjust down to the simpler genre, and the world-destructive plot is a waste of Gardner, without ever really convincing as Bond."[11]

Novelist Jessica Mann said in the British Book News that "Ian Fleming's James Bond books were never as crass as Licence Renewed. Writing for himself, Gardner is intelligent and original. In this Fleming rip-off, he reproduces Fleming's faults without their saving charms, except that he has cut down on the sex and sadism. Fleming's plots were always preposterous, but they carried a crazy, unifying conviction. Gardner's is just illogical. And how the mighty Bond is fallen; he has become a dull, dim — too many knocks on the head in the past, perhaps? — middle-aged man who chooses the wrong trade-names to advertise." [12]

Nicholas Shrimpton in the New Statesman argued that Bond was best left in his own era. "What John Gardner has failed to realise is that the charm of Bond is as strictly related to a sense of period as that of Sherlock Holmes or Philip Marlowe. Removed from this distinctive environment, Bond is a fish out of water. The glamour shrivels, the self-indulgence becomes apologetic, and the atmosphere seems absurd.[13]

Robin W. Winks said in the Library Journal that "Gardner lacks the sparkle of Fleming's truly original plotting and humor, and Lavender Peacock simply is not Pussy Galore. What's sound here isn't very new and what's new isn't very sound. 007's license is best left unrenewed."[14]

The Globe and Mail crime fiction critic Derrick Murdoch complained that the villains were weak especially compared to Fleming's own, and that love interest Lavender Peacock is "a schoolgirl next to Pussy Galore." Murdoch also criticized the plot saying, "The story line is also a bit cluttered. There's one sub-plot about an international terrorist that seems derived indirectly from Robert Ludlum's The Bourne Identity, and another about a stolen birthright that could come directly from Victorian melodrama. In his Liquidator series, Gardner showed that he can be much slyer, funnier and bawdier than he has allowed himself to be here. It almost seems he has approached his task too respectfully in Licence Renewed.[15]

People Magazine's anonymous reviewer felt that "Gardner's approach is sometimes too tame — as in the uninspiring title — but, on the whole, it's a treat to have Bond working again. Welcome back, old friend."[16]

Novelist Michael Malone commented in The New York Times that "in License Renewed, the whole world seems scantier and blander, as if Bond could not shake off the malaise of those intervening years when the Government abolished his license to kill and stuck him in a desk job. He has less wit, less wardrobe and less sex drive. Miss Moneypenny even has difficulty arousing him. With his mechanized swashbuckling and elegant machismo, Bond was so suited to his time, so right in that age of astronauts and Thunderbirds, perhaps he should have decided you only live once.[17]

^Murdoch, Derrick (30 May 1981). "It's a Crime: James Bond changes a little. He now smokes low-tar cigarettes and drives a fuel-efficient Saab. But he can still save the world with a few scraps of toilet tissue". The Globe and Mail. p. E.17.